The RBI has issued the explanation of gold voluntary, colloweral silver for agriculture and MSME Loans
The Reserve Bank of India (RBI) issued an important explanation regarding collateral rules for agriculture and MSME Loans. According to most recent instructions, if a borrower voluntarily promises gold or silver for a loan, it is not considered to be an offense, even in cases where loans are collected “collateral-free.” RBI explained that the work…